Canon and Nikon have been direct competitors for many years and have dominated the DSLR industry for decades. In 2018, they started to compete in the mirrorless segment (alongside Sony) with the release of their respective full frame systems.

This rivalry has now expanded to the mirrorless APS-C segment. The Canon EOS M line-up has been around for some time, whereas Nikon has only just joined the crowd with the release of the Z50.
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https://mirrorlesscomparison.com/preview/nikon-z50-vs-canon-eos-m6-ii/